Pension Schemes and Pension Reforms in the Middle East and North Africa

Markus Loewe

Chapter 3 in Reforming Pensions in Developing and Transition Countries, 2014, pp 69-100 from Palgrave Macmillan

Abstract: Abstract Most countries in the Middle East and North Africa (MENA) region spend a considerable share of their national income on social protection. In Egypt and Jordan, for example, this share ranges between 20 and 25 per cent. Most of the money, however, is used for social protection instruments that significantly lack equity, efficiency and financial sustainability. The public pension schemes of the MENA countries are characterized, in particular, by (1) low coverage rates, (2) regressive redistribution from the poor to the urban middle class, (3) high administrative costs, (4) unsustainable benefit conditions and (5) inefficient investment policies.

Keywords: Gross Domestic Product; United Arab Emirate; Pension Fund; Social Protection; International Labour Organization (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:sopchp:978-1-137-39611-2_3

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DOI: 10.1057/9781137396112_3

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